Nancy Carroll and John Montalbano appointed to Manulife's Board of Directors

Rhea-AI Summary

Manulife (TSX/NYSE/PSE: MFC) has announced two strategic appointments to its Board of Directors, effective February 28, 2025. Nancy Carroll, a former partner at McCarthy Tétrault LLP with over 40 years of insurance and financial services legal expertise, and John Montalbano, a former CEO of RBC Global Asset Management and current Principal of Tower Beach Capital , will join the board.

Carroll brings extensive experience in regulatory, M&A, compliance, and governance matters in the insurance sector. She will serve on the Audit Committee and Corporate Governance and Nominating Committee. Montalbano, with his wealth and asset management background, will join the Management Resources and Compensation Committee and Risk Committee.

Positive

• Addition of two seasoned financial services executives to the board strengthens corporate governance
• Nancy Carroll brings 40+ years of insurance industry legal expertise
• John Montalbano adds significant wealth and asset management experience from RBC leadership roles

Negative

• None.

C$ unless otherwise stated                                                             TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife announced today that Nancy Carroll and John Montalbano have been appointed to its Board of Directors, effective February 28, 2025.

Ms. Carroll is a former partner in the Financial Services Group and head of the National Insurance and Reinsurance Group of the law firm McCarthy Tétrault LLP, with over 40 years of experience as a leading legal advisor to Canadian and global insurance and reinsurance companies, banks and their boards on complex regulatory, M&A, transactional, compliance, governance and strategic matters. She holds a JD from the University of Toronto, a Master of Arts in International Political Studies from Queen's University, a Bachelor of Arts from Mount Allison University, and an ICD.D designation from the Institute of Corporate Directors and the Rotman School of Business at the University of Toronto. 

Mr. Montalbano is an experienced wealth and asset management executive and former senior executive at the Royal Bank of Canada, having previously served as Chief Executive Officer of RBC Global Asset Management and Vice Chair of RBC Wealth Management.  He is currently Principal of Tower Beach Capital Ltd., a private enterprise focused on venture capital investments. He is a Chartered Financial Analyst and holds a Bachelor of Commerce degree from the University of British Columbia.

"Nancy and John bring significant financial services, insurance, and wealth and asset management experience that will be valuable in supporting the effective oversight of Manulife's strategy and operations," said Don Lindsay, Chair of the Board, Manulife. "We are fortunate to have them join the board and are confident their contributions will have a positive effect on Manulife and on our board."

Ms. Carroll joins the Audit Committee and Corporate Governance and Nominating Committee and Mr. Montalbano joins the Management Resources and Compensation Committee and Risk Committee.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.  

Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com. 

Media Contact
Fiona McLean
Manulife
437-441-7491
fiona_mclean@manulife.com

Investor Relations
Hung Ko
Manulife
416-852-4875
hung_ko@manulife.com

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SOURCE Manulife Financial Corporation

FAQ

When will Nancy Carroll and John Montalbano join Manulife's (MFC) Board of Directors?

They will join Manulife's Board of Directors effective February 28, 2025.

Which committees will Nancy Carroll serve on at Manulife (MFC)?

Nancy Carroll will serve on the Audit Committee and Corporate Governance and Nominating Committee.

What committees will John Montalbano join at Manulife (MFC)?

John Montalbano will join the Management Resources and Compensation Committee and Risk Committee.

What is Nancy Carroll's professional background before joining Manulife (MFC)?

Nancy Carroll was a former partner in the Financial Services Group and head of the National Insurance and Reinsurance Group at McCarthy Tétrault LLP, with over 40 years of experience advising insurance and financial companies.

What was John Montalbano's previous role before joining Manulife's (MFC) board?

John Montalbano previously served as CEO of RBC Global Asset Management and Vice Chair of RBC Wealth Management, and is currently Principal of Tower Beach Capital